StarkNet is an open Layer 2 solution developed by StarkWare Industries. It aims to provide an efficient, secure and scalable smart contract platform built on the Ethereum blockchain.
The main goal of StarkNet is to solve the scalability and performance challenges of Ethereum smart contracts. It uses zero-knowledge proof technology and state channels to achieve highly compressed transaction data and perform calculations off-chain to reduce the mainnet load. This enables StarkNet to handle large-scale complex smart contracts without sacrificing decentralization and security.
The project's vision is to provide a reliable Layer 2 platform that provides faster transaction speeds and lower fees for decentralized applications (DApps) while maintaining security and interoperability with Ethereum. StarkNet brings a better user experience to developers and users by providing high-performance smart contract execution.
StarkNet provides a complete development environment, including development tools, SDKs, and documentation to help developers build and deploy DApps. It also supports the Ethereum Virtual Machine (EVM) and Solidity smart contract language, enabling existing Ethereum developers to easily migrate their applications to StarkNet.
In summary, StarkNet’s vision is to drive scalability and performance in the Ethereum ecosystem, provide a better experience for developers and users, and accelerate the development and adoption of decentralized applications.
